Risk, Resilience & Recovery Webcast Series: Beyond Cyber Insurance: Preparing for Black and Gray Swan Events

Operational resilience is a critical, often overlooked, piece of a comprehensive cyber risk plan. While organizations place a strong emphasis on IT resilience, the impact a cyber event has on the business is equally important. Understanding what to do during a cyber-attack requires preparing in advance and putting measures in place that proactively address key areas. 
 
These include developing and implementing a cyber policy, creating a communications and governance structure to ensure proper reporting, and following a clearly defined roadmap for the organization to follow. And it’s not just for organizations in potentially vulnerable situations; operational resilience allows companies with strong balance sheets, solid operating procedures, and high growth potential to leverage resilience as a competitive strategic advantage. 
 
This webcast is the first in this series and will address why operational resilience is crucial for all organizations and why a cyber insurance policy, though important, isn’t enough on its own. Additionally, we’ll discuss why current modeling does not paint an accurate picture of the full cost a cyber event by not properly accounting for business interruption and ransomware payments.